And maybe diversify a little, invest half in a low cost S&P500 fund like VOO and the split the rest across 2 or 3 syndications.Hi,yes i thinnk the future for S/P is not going to be the high returns of before. 

There are several ways to find out which cities/areas cash flow and get a good idea of things like market rents, ARV potential, and future appreciation.

You’d also make all future capital gains at least partially taxable instead of tax exempt by converting your primary to a rental.

For example, what is the cost of living now and projected in the future? 

I use Eric Kloth out of Redding and he is stuck with us for this and our future home buying needs. 

You already seemed to conclude you are forcing this deal, I would agree unless there's a reason why this property will appreciate significantly in the near future and the 40 year amortization schedule allows you to hold on for that to occur. 

@Roy Kinzer Rent control in NJ can be a tough pill to swallow and unfortunately has caused many of my deals to fall apart quickly once buyers/future landlords realize how strict the controls can be.

We are hoping for a future that would include developing a co-op.  

Additional Resources to check, 'FYIs', in case you want to learn more about rezoning in the future)-Look up your address on the city's zoning map here to see how properties in your immediate vicinity are zoned.

Analysis of current tenants and future potential tenant market.  4.